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CNBX hit exactly the top Bollinger band on the weekly chart at $2.99 before pulling back last week. This is also a resistance level (where it broke down after the run up last spring.
The equivalent of this for OWCP (top Bollinger on weekly AND where we broke down in the spring) is $1.37 right now but will be dropping.
Next price target for me is around $1.33.
Good luck to all.
Booya!
Don’t get to excited yet if your long. But if you’re trading it? oh boy. Money money.
You're right and I want OWC to get the product to Market I don't care how they do it cosmetic or medical either way it's a winner for the company in a winner for shareholders let's get the ball going
Psoriasis treatment is a multi-billion dollar market
According to the International Federation of Psoriasis Association, circa 5% people suffer from one or more forms of psoriasis, globally.
In the U.S. alone, the condition affects nearly 7.5 million people, which is roughly 2% of the population.
The global market for psoriasis treatment, which was valued at US$7.8 billion in 2015, is projected to expand at a compound annual growth rate (CAGR) of 5.1% to reach US$12.1 billion by 2024.
I’m glad you were able to do that. If you exited on this past little run plan that vacation well. It seems is the last OWCP will pay for you. Us longs will post of our vacations around the globe as we wait for our time.
I’ll reassure you, no scam here.
But I accept we all have different strategies, just don’t try to diminish ours if you don’t want yours to be diminished as well.
GLTA
Gary, although I don't talk about it, I'm fully aware and excited for this fibromyalgia/pain study, phase 2. The company is a sleeping giant, and again is very undervalued compared to its peers.
Oh, and don’t forget the medium to large Biopharma as well that are less risk averse, have tons of dough, and known to buy new technologies:
Biogen
Amgen
Gilead
Celgene
Vertex
Etc......
Moxa,
Let's not go overboard on what's been claimed, the efficacy testing with the cream was not done in clinical trials, it was preclinical done with actual psoriasis on animals, or in a lab, but not with people that have psoriasis. The scheduled Phase 2 which will be done with patients with skin diseases, is scheduled for third quarter as I remember the schedule from their most recent presentation.
The trial which I'm surprised no one's speaking about is the one for fibromyalgia. According to the presentation this trial began last quarter, and will go Phase 2 in the second quarter. In that we've seen nothing about the trial other than it's with the tablet, which I presume is our sublingual tablet, I would assume it's established as a Phase 1/2 so when they say Phase 2 they're speaking of an approved progression in the same trial. If anyone has seen or heard any more information about this trial, I'd sure like to hear about it. Perhaps this will be the key to what the company is presenting at the Wall Street Conference. I believe this is the first use of the sublingual tablet in patients with a disease.
The psoriasis cream is to complete it's Phase 1 this quarter, but it's being done in healthy patients, first clinical trial with skin diseases is the Phase 2 I've referred to above. Note, I've said skin diseases, not psoriasis, because I don't know that other skin diseases will be added to the trial. Once again, investors haven't been shown the protocol for the trial which is being established with an IRB at this time I believe.
Something which may be possible out of all the Phase 2 trials that are being done with commercial grade material is and approval by someone. I can't say it's possible for the U.S. as I don't believe the trial is even in our clinical trials database, but I believe that in Israel, or other nations monitoring the trial, anything is possible if the approving authority is satisfied by what's presented to them.
I believe that a drug that was approved in Israel would probably be accepted in a Pivotal Trial here in the U.S. probably Phase 3, but possibly Phase 2, the primary difference being the size of the trial.
So much the company is doing is a mystery. More information is presented in their latest presentation than anything they've said in ages, and the timeline is more revealing than anything else in the presentation IMHO.
Gary
News very soon Amazing company and professional staff. As stated early Q1. I haven't been this confident for a long time
This is purely an opinion and based on what the “company” has told you
This is a scam and should be treated as such... like last year I made a killing and now the recent/hype i have made a decent amount and plan on spending my supplemental income on a nice vacation
Last year it paid for my trip to Bora Bora.. not sure where I want to go this year but I thank the “longs” once again for funding my vacation
This is easy money
yep,...all those are potential partners.
wouldn't that be special if there becomes a bidding war within these you listed.
i can dream can't i 8^)
thanks for sharing.
Those guys wasted billions on garbage acquisitions and they could have had a huge foot hold on the Cannabis market owning the 2 Israeli leaders in the space.
"OWC plans to issue additional updates on our continued research and further developments in early 2018."
OWCP "received a new permit from the Israel Medical Cannabis Agency [MCA] to proceed with the safety study of their oral disintegrating tablet. The study protocol will be submitted to the Institutional Review Board [IRB] at a leading Israeli academic hospital in the coming weeks. The study is scheduled to start in Q2 2018."
From the latest PR.
http://www.otcmarkets.com/stock/OWCP/news/OWC-Pharmaceutical-Research-Corp--Announces-Update-on-its-Proprietary-Medical-Cannabis-Sublingual-Tablet?id=178758&b=y
Tick tock this stock is gonna rock our socks off soon
I agree. The investor presentation, the Chairman update letter from September, the latest PRs, etc... It all points to obvious things in the works.
$CNBX is sitting at a $244M Market Cap, $GWPH is at $3.7B, and $OWCP is only at $70M?
Lots of room to grow when the news comes. The manipulation may be a factor now, but eventually it won't be much of a factor -- in my opinion.
'O Canada!
Take your pick :)
- Johnson & Johnson
- Roche
- Pfizer
- Novartis
- Sanofi
- Bayer
https://en.wikipedia.org/wiki/List_of_largest_pharmaceutical_companies_by_revenue
I sure hope you're right. That would be fantastic.
I'll admit we longs have been waiting a LONGS time. But to think there isn't a chance for this to be huge is crazy. The writing is on the wall for me. This is a serious and professional group of expert people I have a feeling about this wk
And that "bigger" would be ?
Inquiring minds would like to hear yr perspective. TIA.
The silence WILL be golden
Think bigger then Teva.
If TEVA was smart, they would buy OWC and Cannabics and own the MMJ business to come. They would be able to have multiple divisions with effective solutions for skin conditions, cancer and opoid free pain relief. A company with all that would not be laying off workers, but would rule the Pharma world.
Huh...What are you talking about, we are better positioned then most MJ Companies out there.
When news drops we’ll laugh so hard about the crazy comments that we have written on this board.
Excellent ! Great post !!
I love reading that you are in this related industry and can in fact speak with authority!
Thanks for yr reply.
I wasn't questioning yr previous post to dis what you wrote saying...I just had the sense that the words you were using carried more than what you were posting. The fact that you are in the medical field is a strong thumbs up for OWCP.
Cherry, with all due respect I'm not going to send the company an email over this cream or others. There will be more creams over the next 25 years that come and go. Owcp cream scientifically proved 70 percent improvement in biological markers, has any one else's product done that? It's also moving into phase 2 trials and is completing there safety study this quarter, are these other creams doing that too? Could they be selling right now at least cosmetically? I would guess upon completion of there safety study that could happen. Mediq has been replaced by someone better with more requirements to sell there cream, that's the current hold up IMO.
All those jobs cut leaves much money for a multi billion dollar joint venture with a company that IS the future of great and effective CBD medicine
In my opinion...one thing has nothing to do with another. Most mega corporations are shifting their focus (firing, hiring,closing one department and opening another, etc) to be ready for the next phase transition that this country's economy will be moving into. That being federal laws will soon be a thing of past history as we the people are demanding neeter alternatives than the standard prescribed drugs.
My d/d tells me that OWCP is positioning itself to capture the new needs of the new economy.
We'll see how this TEVA connection plays out...or not. Time will tell.7
I am in the medical field and know medications (USA based), regardless of what they're indicated for, how well they work, what side effects they cause, are still used due to their FDA approval. FDA approval, although expensive and drawn out, does provide the medical community with confidence to give 'X' drug to patients.
OWCP will take the FDA route, but more importantly, are currently in the Israeli equivalent. Not one company, selling CBD cream, has done this. Don't forget, USA market is just a very small piece to the puzzle. That's why it's absurd for pps to drop so much after Sessions announcement.
From OWCP website:
The Company is committed to and the highest standards of integrity and ethics in proposing, conducting and reporting research. All its investigations and researches are conducted at the facilities of leading Israeli medical centers, as well as at the labs of the R&D pharmaceutical companies we contracted with. The Company adheres to all the necessary regulatory requirements, including submitting its research protocols to Ethics Committee (IRB) approval.
When it comes to medical cannabis, OWC believes in science instead of mythology.
We aim to produce pharmaceutical-grade cannabis-based products and treatments that are:-
Standardized in composition, formulation and dose;
Administered by means of the appropriate and efficient innovative delivery systems; and –
Tested in properly controlled pre-clinical and clinical studies.
We believe that its planned products will provide physicians with the ability to control and administrate optimal dosage, and to replace the common usage of medical cannabis today, which is not acceptable by scientists and physicians, such as smoking, edibles and oil extracts with no substantial dosage control.
We also believe that our planned products will provide patients with the absolute assurance that they are purchasing and taking products that are clinically tested, safe, efficient and consistent.
OWCP is managed by a team of well-respected medical and science experts. On top of that marijuana has a home in Israel since 1964, in other words the country is well entrenched in the study of this tiny but flamboyant bud.
It'll will be good! Have a beautiful week!!!! Go BVTK go!!!
this article may have been posted already, yet it is worth re-posting:
https://www.denverpost.com/2017/11/10/curbing-colorados-opioid-epidemic-with-cannabis/
and.. on the subject of ag sessions: many, many people in congress on both sides of the isle support medical marijuana..
hey-- ho, session needs to go!!
Do republicans still believe in states' rights? Sessions marijuana policy is the ultimate test.
https://www.yahoo.com/news/republicans-still-believe-states-apos-130003137.html
OWCP is indeed making pharmaceutical grade products that are in the process of being rigorously tested for both safety and effectiveness. The Phase I efficacy trial for the cream was completed last year and showed a greater than 70% improvement in inflammatory markers for psoriasis. Phase II trials will be underway shortly. In the meantime IRB safety trials are due for completion this quarter. After that I believe the CanaPsor cream will be a candidate for marketing and distribution by any number of pharma companies wishing to enter the medical cannabis space. A JV/partnership/licensing deal is something that investors hope will happen after the completion. Publication of the results would be icing on the cake and I personally hope they will do this for added legitimacy amongst the pharma community.
To my knowledge no one else in this space has put their products through such rigorous testing. Corrections welcome.
Jeff Sessions under fire from all sides.
http://www.msn.com/en-us/news/politics/sessions-under-fire-from-all-sides/ar-BBHXpnc?li=BBnb7Kz
How long ago has it been since that news came out
Sorry, I'll have to keep you grounded on that you and others don't get caught in hype. Teva is in a huge crisis. It's market cap majorly reduced and they are cutting jobs..
https://www.nytimes.com/2017/12/27/business/teva-israel-layoffs.html
keep in mind that OWCP has an arms-length relationship with TEVA. they are literally down the street from TEVA's offices.
TEVA at one time offered to purchase OWCP's patents. so,...who knows whats going on behind the scenes and if OWCP and TEVA are still in negotiations. shareholders don't know any of these details until after the fact.
if TEVA, the billion dollar company that it is, comes into the picture and begins to sell OWCP products they will legally go after any other company IF that company is infringing on OWCP's patents.
=========
,...Teva, according to a report by The Marker, has made an offer for One World Cannabis (OWC) to purchase the rights to the company’s patents. One World is developing treatments using the compound in cannabis to treat chronic pain, multiple myeloma and other conditions.
and here's the part i like,...
The news of Teva’s proposal to buy OWC cannabis patents comes with the announcement by Cannabics Pharmaceuticals that it was appointing two Teva executives, Ika Abravanel and Dr. Sigalit Ariely-Portnoy, to its advisory board.
that's about as close arms length as two company,s can get.
you speak with confidence, which is a great quality displaying your confidence in the company.
you made a statement in your last post that either contains pertinent information (you are connected or involved with the pharmaceutical sector) or,...
it is just your personal opinion after reviewing all the documented information out about OWCP products. which in reality is just the opinion of the company because there is no other qualifying entity to confirm the "top of the line, pharmaceutical grade, trusted, safe, and actually work as documented"
your statement;
I’m telling you, these OWCP idiots are going to be the last one out of the gate and miss everything.
Remember, the path OWCP is taking is to have the cream and tablet pharmaceutical grade so Dr's can prescribe it and recommend it. This is the reason for Sheba doing the long, drawn out study on the cream and soon on the tablet. FDA approval will start this year too.
Having companies selling their similar products online is nothing compared to OWCP selling tested, Dr. recommended, medical journal listed, pharmaceutical grade product.
Think about Viagra. There are tons of pills that claim the same benefits and can be bought online or at stores. Heck, you can buy real Viagra online but I gaurentee you the majority of users are prescribed it by a Dr. This is and has always been the direction of OWCP. When people talk about having a similar GWPH pps in the future, this is why it's going to happen.
I can't stress enough how they want their products to be top of the line, pharmaceutical grade, trusted, safe, and actually work as documented. They're not trying to sell snake oil....
Cannabis Insider TV - Part 1 of a 3 Part Series: Hoban & Friedland ($OWCP Board of Advisor) discuss Jeff Sessions' January 4th actions & the Future of Federal Cannabis Policy
http://mailchi.mp/afc8dce7d991/segment-1-jeff-sessions
I’ll take my deposit via email - welcome to 2018! $$$OWCP$$$
Thanks!
TappyS
Il send you my bank account info or sign me a check i want my dollar
On the other hand..you wouldn’t pit your prize fighter against a no-talent amateur in the ring either
OW
I believe OWCP cream will be like no other. Even if ( which I doubt ) it works only as good as others Owcp cream has been scientifically tested. With that said. I still believe Owcp cream will dwarf the competition and I f———-g guarantee. Hirsch and company are fully aware of the competition and the latest release of a psoriasis cream to market and probably know of many more products we don’t Owcp is a game changer that is only getting started and really isn’t really concerned to much with what others are doing. Hence ( have you seen the folks involved?). These guys do what they have in their plan and I think it’s a good one. I can’t wait to bathe in the results from these outstanding individuals. IMO. Go. Owcp.
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